1108/102-105 North TerraceAdelaide SA 5000
Property Details for 1108/102-105 North Tce, Adelaide
1108/102-105 North Tce, Adelaide is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Apartment sold in Adelaide in the last 12 months.
Last Listing description (July 2024)
Exciting live in and investment opportunity in a prime city location!
Perfectly positioned in one of Adelaide's best CBD locations, this spacious one bedroom apartment presents a viable investment opportunity and a great place to call home. Directly opposite the exciting River Torrens Precinct with Adelaide Oval, the Convention Centre, Sky City Casino and the Adelaide Festival Centre. Less than 500 metres away you'll find the University of Adelaide's medical and health sciences building and UniSA's City West campus, Health and Medical Clinic.
The apartment has been fully renovated throughout and offers a huge range of options! Choose to reap the excellent fuss free rental returns provided through a choice of management companies, lease the apartment out privately or enjoy the city vibe as an owner occupier.
Currently managed by The Oaks Hotels and Resorts for a guaranteed gross income of $2,184.00 per month ($26,208.00 per annum). That's a gross yield of over 8%.
**Take note - this apartment is also applicable for Stamp Duty Exemption (Subject to Revenue SA Approval). For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land)** You'll save approximately $12,000 on top of the purchase price.
The flexibility also allows you to manage the apartment yourself on a short-term basis through companies such as Airbnb, Booking.com & Stayz or sit back and let one the reputable companies take care of it for you.
The apartment features a well-appointed kitchen adjacent the open plan living and dining with direct access to the full width balcony complimented with stunning views over the colourful city skyline, Adelaide Hills and summer sunsets over the ocean. The bedroom is great size with built in robes and frosted glass windows and a two-way ensuite with modern finishes and spa bath.
Further features include a European style laundry, ducted reverse cycle air conditioning, excellent security, video intercom and 24 hour reception in the foyer. The complex also provides free access to the resort style facilities with the indoor heated lap pool, spa, sauna and gym.
This is an excellent opportunity to invest in one of the CBD's best locations. Live in as an owner occupier and enjoy a low maintenance city lifestyle or take advantage of this prime location and reap the benefits as an investment property, the choice is yours.
Contact Toby Shipway or Andrew Downing for further information.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own inquiries and obtain their own legal advice.
Property History for 1108/102-105 North Tce, Adelaide, SA 5000
- 22 Aug 2024Sold for $335,000
- 23 Jul 2024Listed for Sale UNDER OFFER 1ST WEEK - CONTACT TOBY SHIPWAY
- 24 Sep 2016Listed for Sale $300,000 - $310,000
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.
Adelaide has 17,939 properties. Over the last 5 years, Houses in Adelaide have seen a 53.84% increase in median value, while Units have seen a 25.84% increase. As at 31 July 2024:
- The median value for Houses in Adelaide is $1,107,070 while the median value for Units is $491,735.
- Houses have a median rent of $620 while Units have a median rent of $560.
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